Median price · 7 years
Rolling 12-month median, all dwellings
$430,000+15.4% past 12 months
2020202120222023202420252026
Parap
Steady outlook Growth score 72 Top 29% of sample
Risk score 46 Medium · lower is better
Stability score 71 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Strong · 87
Listing scarcity15% Strong · 76
Rental demand14% Moderate · 69
Days on market12% Strong · 75
Infrastructure investment11% Strong · 75
Jobs access10% Weak · 49
Population growth8% Strong · 82
Income growth7% Moderate · 65
New supply pressure5% · negative Elevated · 53
Key metrics vs benchmarks
NT column is the sample-state average; national is the whole sample.
| Metric | Parap | NT | National |
|---|---|---|---|
| Median price | $430,000 | $500,833 | $734,203 |
| 12-month growth | +15.4% | +12.5% | +8.4% |
| Gross rental yield | 5.6% | 5.5% | 4.0% |
| Vacancy rate | 0.9% | 1.2% | 1.3% |
| Days on market | 18 | 23 | 31 |
| Auction clearance | N/A | — | 62% |
| New supply pipeline | Elevated | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
46Medium risk
New supply pipelineApproved dwellings vs existing stock Moderate · 53
Employment concentrationShare of jobs in the top two industries Moderate · 54
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 35
Vacancy pressureCurrent vacancy vs 2% threshold Low · 16
Hazard exposureFlood, bushfire and storm surge overlays Moderate · 53
Who lives here
ABS Census, latest release, aggregated to suburb
2,500population 35median age 35%owner-occupied 65%renting
Owner-occupiedRenting
Parap is a vibrant inner Darwin village suburb famous for its Saturday markets and tropical lifestyle. With 5.6% rental yields and 15.4% annual growth, it combines lifestyle appeal with strong investment returns.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Parap Village Saturday Markets
- Parap Pool recreation precinct
- Fannie Bay foreshore access
- Inner Darwin dining precinct
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